November 6, 2023

Weekly Economic Calendar

Foreign Exchange

November 5 - November 10, 2023 Economic report and policy meetings

 

November 5

Indonesia:  GDP Growth Rate (QoQ) – 3rd Qtr., GDP Growth Rate (YoY) – 3rd Qtr.

Japan:  Bank of Japan Monetary Policy Meeting Minutes

 

November 6

Australia:  Reserve Bank of Australia (RBA) Interest Rate Decision

Brazil:  S&P: Global Services Purchasing Managers Index (PMI) - October

Canada:  Ivey Purchasing Managers Index (PMI) – s.a. – October

China:  Balance of Trade – October

Euro-Zone:  HCOB Services Purchasing Managers Index (PMI) Final – October, Spain: HCOB Services Purchasing Managers Index (PMI) – October, Consumer Confidence – October, Consumer Confidence – October, Italy: HCOB Services Purchasing Managers Index (PMI) – October, France: HCOB Services Purchasing Managers Index (PMI) Final – October, Germany: HCOB Services Purchasing Managers Index (PMI)  

Japan:  Household Spending (YoY) – September

Mexico:  Consumer Confidence - October

Philippines:  Inflation Rate (YoY) - October

Switzerland:  Unemployment Rate – October

U.K.:  S&P Global/CIPS Construction Purchasing Managers Index (PMI) – October, British Retail Consortium Retail Sales Monitor (YoY) - October

 

November 7

Brazil:  Brazilian Central Bank Copom Meeting Minutes    

Canada:  Balance of Trade – September   

Japan:  Reuters Tankan Index – November, Coincident Index Preliminary – September, Leading Economic Index Preliminary – September

Philippines:  Unemployment Rate - September

 U.S.:  Consumer Credit Change - September

 

November 8

Brazil:  Retail Sales (MoM) – September   

Canada:  Building Permits (MoM) -September, Bank of Canada Summary of Deliberations

China:  Inflation Rate (YoY) – October, Inflation Rate (MoM) – October, Producer Price Index (PPI) (YoY) – October

Euro-Zone:  Retail Sales (YoY) -September, Germany: Inflation Rate (YoY) Final – October, Inflation Rate (MoM) Final – October 10-Year Bund Auction, France: Balance of Trade – September, Italy: Retail Sales (MoM) - September  

Japan:  Bank Lending (YoY) – October, Bank of Japan Summary of Opinions, Economy Watchers Survey (Current) – October, Economy Watchers Survey (Outlook) = October, Foreign Bond Investment – November 4

Philippines:  GDP Growth Rate (QoQ) – 3rd Qtr., GDP Growth Rate (YoY) – 3rd Qtr.

Poland:  Interest Rate Decision – November      

U.S.:  Wholesale Inventories (MoM) – September, MBA 30-Year Mortgage Rate (November 3),  MBA Survey Indexes - Mortgage Market Index, Mortgage Applications (November 3), Mortgage Market Change, Mortgage Refinance Index, Refinancing Change, MBA Mortgage Approvals (November 3), Department of Energy (DOE) U.S. Crude Oil Inventories (November 3), DOE Cushing OK Crude Inventory (November 3), DOE U.S. Gasoline Inventories (November 3), DOE U.S. Distillate Inventory (November 3), DOE U.S. Refinery Utilization (November 3), DOE Crude Oil Implied Demand (November 3), Gasoline Implied Demand (November 3), Distillate Implied Demand (November 3), API Crude Oil Stock Change (November 3), EIA Natural Gas Stocks Change – November 3

 

November 9

Australia:  Reserve Bank of Australia (RBA) Statement on Monetary Policy   

Mexico:  Inflation Rate (YoY) – October, Core Inflation Rate (MoM) - October

New Zealand:  Business NZ Purchasing Managers Index (PMI) – October   

U.S.:  Continuing Jobless Claims – October 28, Initial Jobless Claims – November 4

 

November 10

Brazil:  Inflation Rate (MoM) – October, Inflation Rate (YoY) – October, Business Confidence - November

China:  New Yuan Loans – October

Euro-Zone:  Italy: Industrial Production (MoM) – September, Industrial Production (YoY) – September

India:  Industrial production (YoY) – September, Manufacturing Production (YoY) – September,

Mexico:  Industrial Production (YoY) – September

Russia:  Balance of Trade – September, Inflation Rate (MoM) – October, Inflation Rae (YoY) – October

U.K.:  GDP 3-Month Average – September, GDP Growth Rate (YoY) Preliminary – 3rd Qtr., GDP (YoY) – September, Balance of Trade – September, Construction Output (YoY) – September, GDP Growth Rate (QoQ) Preliminary – 3rd Qtr., GDP (MoM) – September, Goods Trade Balance – September, Goods Trade Balance Non-EU – September, Industrial Production (YoY) – September, Industrial Production (YoY) – September, Manufacturing Production (YoY) – September., NIESR Monthly GDP Tracker – October

U.S.:  University of Michigan Consumer Sentiment Preliminary – November, Baker Hughes U.S. Rig Count – November 10

The University of Michigan releases its Consumer Sentiment index for November.  Consensus estimate is for a 63.9 reading, roughly even with the October figure and well below historical averages.  Consumers’ expectations for the year-ahead inflation was 4.2% in October, a one percentage point jump from September and the highest reading since May.

Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.

This is not a complete analysis of every material fact regarding any company, industry or security. The information and materials herein have been obtained from sources we consider to be reliable, but Comerica Capital Markets does not warrant, or guarantee, its completeness or accuracy. Materials prepared by Comerica Capital Markets personnel are based on public information. Facts and views presented in this material have not been reviewed by, and may not reflect information known to, professionals in other business areas of Comerica Capital Markets, including investment banking personnel.

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